NZD/CAD SHORT - BEAR FLAGJust got triggered into NZD/CAD short. Very clear structure on the HTF's and this LTF flag showed its signal that its complete. Expecting to break this bear flag and reach the lower trend line. Theres potential for a large swing trade. Swing target is at the beginning of the HTF ascending structure.
Expandingtriangle
GBPUSD, Weekly analysis, Oct 26-30Pound against Dollar , has seen a bullish trend in the initial phase of last week and half way pull back towards end of the week, GBPUSD " Octorber movement has created a Expanding triangle pattern, it is in completion stage at the end of the month, let see how it completes, and starting the New month of November ,
Note - Price action analysis only for education purpose
SPY Short: Expanding TriangleLooks like we have a distinct expanding triangle pattern which started back in 2018. My guess is today's sell-off happened because trading programs noticed the price yesterday breached the expanding triangle's resistance line. I would wait for further confirmation before trading based off of this pattern.
Do I really think that the price will drop further down than the Coronavirus crash? At this point, I find that hard to believe. Based off of my technical analysis however, it's possible. Let's see what happens!
Expending Triangule or Broadening?In my point of view, we are in an Expending Triangule with 3 major options:
A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable.
B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the triangle, but its very possible that movement is just a Beautiful Bear Trap, climbing fast the prices back to US$ 10,000 with a breakout in a few weeks, and our next target will be $17,800.
C ➜ The saddest option, without strong bulls, the bears hit the bottom of the triangule, triggering several stops orders, backing us to 3 years ago with the prices in $ 1600 and then $ 800.
So... What do you think?
GOLD (XAU/USD): Your OPPORTUNITIES for the WEEKHey tradomaniacs,
this is just meant to be a weekly preparation and shows that XAU/USD is currently right at a significant level.
Plans are noted in the chart so there is not much more to add. ;-)
Make sure to note that you need an confirmation for each scenario.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GOLD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Gold can be very choppy so keep your risk low and mange it aggressively!
Sell-Limit: 1701,00
Stop-Loss: 1714,60
Target 1: 1690,00
Target 2: 1683,50
Target 3: 1674,00
Stop-Loss: 1340 pips
Risk: 1%
Risk-Reward: 2,00
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBP/NZD: Day-Swingtrade-OpportunityHey tradomaniacs,
welcome to another free signal!
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Type: Day-Swingtrade
Buy-Limit: 1,97185
Stop-Loss: 1,95365
Target 1: 1,99000
Target 2: 2,00095
Target 3: 2,01260
Stop-Loss: 182.0 pips
Risk: 1-2%
Risk-Reward: 2,27
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)